Surtec (North East) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04495237

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		83		583
Tangible Assets	5		864,763		902,121

			864,846		902,704
CURRENT ASSETS
Stocks	6	1,250		2,250
Debtors	7	123,996		72,980
Cash at bank and in hand		18,911		34,049

		144,157		109,279
Creditors: Amounts Falling Due Within One Year	8	(224,517 )		(117,873 )

NET CURRENT ASSETS (LIABILITIES)			(80,360 )		(8,594 )

TOTAL ASSETS LESS CURRENT LIABILITIES			784,486		894,110

Creditors: Amounts Falling Due After More Than One Year	9		(111,328 )		(175,450 )

NET ASSETS			673,158		718,660

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			673,157		718,659

SHAREHOLDERS' FUNDS			673,158		718,660

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Surtec (North East) Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Barry Grimes

Director

12/02/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Surtec (North East) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04495237 . The registered office is The Former Tarmac Site Littleburn Road, Langley Moor, Durham, Co. Durham, DH7 8HJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Nil
Improvements	2% straight line
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 8)

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Surtec (North East) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	5,000

As at 31 December 2024	5,000

Amortisation
As at 1 January 2024	4,417
Provided during the period	500

As at 31 December 2024	4,917

Net Book Value
As at 31 December 2024	83

As at 1 January 2024	583

5. Tangible Assets

	Land & Property
	Freehold	Improvements	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 January 2024	443,635	407,643	585,362	17,000
Additions	-	-	11,460	-

As at 31 December 2024	443,635	407,643	596,822	17,000

Depreciation
As at 1 January 2024	-	61,474	487,005	14,547
Provided during the period	-	9,147	35,367	614

As at 31 December 2024	-	70,621	522,372	15,161

Net Book Value
As at 31 December 2024	443,635	337,022	74,450	1,839

As at 1 January 2024	443,635	346,169	98,357	2,453


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	8,672	50,533	1,512,845
Additions	-	-	11,460

As at 31 December 2024	8,672	50,533	1,524,305

Depreciation
As at 1 January 2024	7,306	40,392	610,724
Provided during the period	342	3,348	48,818

As at 31 December 2024	7,648	43,740	659,542

...CONTINUED

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Surtec (North East) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	1,024	6,793	864,763

As at 1 January 2024	1,366	10,141	902,121

6. Stocks

	2024	2023
	£	£
Materials	1,250	2,250

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	116,167	69,962
Prepayments and accrued income	6,404	1,593
Corporation tax recoverable assets	1,425	1,425

	123,996	72,980

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	38,240	1,904
Bank loans and overdrafts	48,999	60,304
Other taxes and social security	22,271	5,974
VAT	36,539	38,870
Other creditors	1,511	1,254
Accruals and deferred income	11,957	9,567
Director's loan account	65,000	-

	224,517	117,873

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	20,417	83,569
Government grants after one year	90,911	91,881

	111,328	175,450

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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